Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

Breaking News


Mining Company Wins the Land Lottery

Share on Stocktwits


An explorer in Sonora, Mexico, receives land adjacent to its current property, and increases its land package six-fold.

Aztec Minerals Inc. (AZT:TSX.V; AZZTF:OTCQB) was recently awarded two new mineral concessions of 3,149 hectares from a Mexican government land lottery. The land is adjacent to the company's Cervantes project in Sonora and expands its land package six-fold.

The company noted that the new concessions include six historical prospects: "The Jacobo and Purisima prospects are situated southwest of the California zone at Cervantes along part of a 7.5 kilometer (km) long, northeast-trending structural corridor; the El Tigre gossan zone lies south of California and Brasil zones along a north-south trending lineament; and the PS, RA and La Verde prospects straddle the California prospect along a northwest trending linear."

Joey Wilkins, president and CEO of Aztec Minerals, noted, "This major land acquisition substantially expands the upside potential of our Cervantes porphyry gold-copper project. Not only does it cover possible extensions of the outcropping California zone gold-copper mineralization now being drilled, it also covers six other gold-copper-molybdenum prospects and/or gossan zones related to porphyry intrusions. We plan to map and sample these areas this year after completion of the current Phase 1 drill program."

Aztec Mining is a young company that IPO'd last May. Read more about it in a Streetwise Reports article, "Cervantes Drilling Demonstrates There Is Nothing Quixotic About Gold Project," here.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Aztec Minerals.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals, a company mentioned in this article.

Want to read more about Gold and Base Metals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe